Nelnet (NNI) Expected to Announce Earnings on Tuesday

Nelnet (NYSE:NNI) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $335.00 million for the quarter.

Nelnet Price Performance

Shares of NNI opened at $112.94 on Monday. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. Nelnet has a 1 year low of $83.75 and a 1 year high of $127.32. The stock has a market cap of $4.10 billion, a P/E ratio of 37.15 and a beta of 0.91. The stock’s 50-day moving average price is $108.82 and its two-hundred day moving average price is $110.53.

Nelnet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, February 28th. Nelnet’s dividend payout ratio (DPR) is currently 36.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Nelnet from a “hold” rating to a “buy” rating in a report on Saturday.

About Nelnet

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.